China Extends Two-Month Pause on 24% Tariff for U.S. Goods

Overview

• The Chinese tariff commission announced on Monday that the extra 24% surcharge on many U.S. imports will remain suspended for two months starting at 13:01 Beijing time on Nov. 10, with a standing 10% tariff left in place.
• Beijing also extended suspension of special port fees, paused an investigation into shipping and shipbuilding supply chains, and kept certain export-control limits and sanctions lifted until Jan. 10, 2027.
• Officials said the steps implement the temporary truce struck between President Xi and President Trump and are tied to an unfinished plan for roughly US$60 billion in reciprocal tariff cuts that has not yet been finalized.
• China warned it will monitor U.S. moves to replace IEEPA-based tariffs with measures under Section 301 after a U.S. Supreme Court ruling and said it could recalibrate its countermeasures if Washington changes course.
• The extensions are meant to give exporters, shipping firms and buyers short-term certainty and could ease supply-chain pressures for sectors such as agriculture, medical equipment and shipbuilding while negotiators work toward a broader deal.